Iraq

In 2020, five countries accounted for about 50% of the world’s total crude oil production

The Bureau of International Security and Nonproliferation ordered the revocation of export licenses linked to violators of the Iran, North Korea and Syria Nonproliferation Act.

U.S. cargo airlines had requested exemptions from the ban.

“As long as I’m president of the United States, Iran will never have a nuclear weapon,” President Trump said in a televised address to the nation.

The ban follows an Iranian missile attack on U.S. military assests in Iraq.

IATA also said it is critical for governments to communicate with airlines about potential risks.

The U.S. Federal Aviation Administration said Monday, Jan. 6 that it is closely monitoring events in the Middle East “to identify potential risks to civil aviation safety.” FAA’s statement comes […]

Limited prohibitions of certain American-made technology exports and financial transactions are currently in place for the Middle East country rebuilding from 20 years of war.

The Port Report focuses on another vessel being seized in the Strait of Hormuz.

West Coast ports post strongest volumes ever; Norfolk Southern is moving to Atlanta; flatbed tender rejections stay down; expect electric trucks in 2020; pregnant XPO Logistics warehouse workers suffer miscarriages; E2open buys Inttra; Iraq produces more oil but can’t rebuild.

Container Terminal Services has secured a contract to expand the Porto Umm Qasr in Iraq to handle more container volume.